Dec 11, 2012 5:30pm PST
senator bob corker. gwen ifill has our next installment. >> ifill: a senior democrat on the house banking committee and the vice chair of the centrist new democrat coalition. welcome, congresswoman. we heard earlier today from john boehner and from jay carneyt the whit housnesaying spding cuts aren't serious coming from the house and the other saying the white house has put forth all the spending cuts that need to be put out. how do you prioritize what should be the focus here: spending cuts or raising revenue? >> most of us know it's got to be both. the fact is the president put out a really very sensible plan, middle-ground where it actually included spending cuts. we've already done a trillion dollars and we'll be doing another trillion dollars over a trillion dollars in cuts. that's $2 trillion. that's serious spendg cu overnd above what we've done already. and of course we do think there has to be some revenue. then we're going to make sure we're doing the right kind of investments so we see economic growth. if it's not all three we're not going to get there. the math doesn't add up.